Paysafe Pay Later
Product / Service Description:
Paysafe Pay Later delivers innovative payment solutions that enable consumers to delay payments until after the shipment of goods and essentially try before buying. Our white label approach delivers a seamless customer experience, keeping the merchant’s brand front and center for the customer. Merchants can boost sales and increase average order sizes by providing customers with next-generation flexible financing solutions, for which Paysafe Pay Later takes on the risk.
We understand the world as one big marketplace: Therefore, we are addressing demand in e-Commerce as well as in traditional brick-and-mortar stores as consumers move beyond cash and credit cards.
Product / service innovations in the last 12 months
Within the last year we enhanced our solutions to become a true multi-channel supplier and developed a tailor-made solution for a Call Centre of a Shopping TV Channel. This allows customers to pay by invoice without an e-mail address and expands the merchants client base to a broader audience. As with all of our solutions, we use a white labeled approach. Therefore our IT solution is fully integrated into the merchant's system, allowing a real-time risk check without media disruption.
What is the difference between competitive solutions?
Ordering via phone and paying through a payment provider normally requests an e-mail address to keep up the customer communication. Paysafe Pay Later developed a tailor-made solution for the TV Shopping Channel which is fully integrated into their point of sale system, avoiding any media-disruption. Now customers can order via phone without sharing personal bank or credit card details but still pay via the most popular payment method. The merchant also benefits from a regular and transparent performance report to identify trends in consumer behaviour.
In an innovation driven world, studies demonstrate that consumers in Germany prefer to pay by invoice as they understand it as the safest method of payment. Taking this into consideration and understanding individual payment preferences by customer persona is core to our offering. In today’s retail shopping environment it’s imperative to work to accommodate as many consumer preferences as possible to create a good customer experience and, in the end, drive more sales.